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Shalag Industries

TASE:SALG
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SALG
TASE
₪327M
Market Cap
  1. Home
  2. IL
  3. Household
Company description

Shalag Industries Ltd develops and produces nonwoven products in Israel and internationally. The last earnings update was 18 days ago. More info.


Add to Portfolio Compare Print
  • Shalag Industries has significant price volatility in the past 3 months.
SALG Share Price and Events
7 Day Returns
-3.1%
TASE:SALG
8.2%
Asia Personal Products
5%
IL Market
1 Year Returns
-29.9%
TASE:SALG
-11.8%
Asia Personal Products
-10.5%
IL Market
SALG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shalag Industries (SALG) -3.1% 22.1% -9.4% -29.9% -51.4% -56.7%
Asia Personal Products 8.2% 4.2% -9.8% -11.8% 17.3% 10.8%
IL Market 5% -1.2% -21.8% -10.5% 3.7% 11.5%
1 Year Return vs Industry and Market
  • SALG underperformed the Personal Products industry which returned -11.8% over the past year.
  • SALG underperformed the Market in Israel which returned -10.5% over the past year.
Price Volatility
SALG
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Shalag Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Shalag Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Shalag Industries.

TASE:SALG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year IL Government Bond Rate 0.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TASE:SALG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IL Govt Bond Rate 0.9%
Equity Risk Premium S&P Global 6.3%
Personal Products Unlevered Beta Simply Wall St/ S&P Global 0.68
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.684 (1 + (1- 23%) (83%))
1.081
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.85% + (1.081 * 6.33%)
7.69%

Discounted Cash Flow Calculation for TASE:SALG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Shalag Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TASE:SALG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (ILS, Millions) Source Present Value
Discounted (@ 7.69%)
2020 30.24 Est @ -17.83% 28.08
2021 26.54 Est @ -12.23% 22.88
2022 24.34 Est @ -8.3% 19.48
2023 22.98 Est @ -5.56% 17.09
2024 22.15 Est @ -3.64% 15.29
2025 21.64 Est @ -2.29% 13.87
2026 21.35 Est @ -1.35% 12.71
2027 21.20 Est @ -0.69% 11.72
2028 21.15 Est @ -0.23% 10.86
2029 21.17 Est @ 0.1% 10.09
Present value of next 10 years cash flows ₪162.00
TASE:SALG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₪21.17 × (1 + 0.85%) ÷ (7.69% – 0.85%)
₪312.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₪312.03 ÷ (1 + 7.69%)10
₪148.69
TASE:SALG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₪162.00 + ₪148.69
₪310.69
Equity Value per Share
(ILS)
= Total value / Shares Outstanding
= ₪310.69 / 36.76
₪8.45
TASE:SALG Discount to Share Price
Calculation Result
Value per share (ILS) From above. ₪8.45
Current discount Discount to share price of ₪8.90
= -1 x (₪8.90 - ₪8.45) / ₪8.45
-5.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Shalag Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Shalag Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shalag Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TASE:SALG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in ILS ₪0.24
TASE:SALG Share Price ** TASE (2020-04-07) in ILS ₪8.9
Asia Personal Products Industry PE Ratio Median Figure of 124 Publicly-Listed Personal Products Companies 20.75x
Israel Market PE Ratio Median Figure of 244 Publicly-Listed Companies 11.11x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Shalag Industries.

TASE:SALG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TASE:SALG Share Price ÷ EPS (both in ILS)

= 8.9 ÷ 0.24

37.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shalag Industries is overvalued based on earnings compared to the Asia Personal Products industry average.
  • Shalag Industries is overvalued based on earnings compared to the Israel market.
Price based on expected Growth
Does Shalag Industries's expected growth come at a high price?
Raw Data
TASE:SALG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 37.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Personal Products Industry PEG Ratio Median Figure of 43 Publicly-Listed Personal Products Companies 2.43x
Israel Market PEG Ratio Median Figure of 7 Publicly-Listed Companies 0.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Shalag Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Shalag Industries's assets?
Raw Data
TASE:SALG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in ILS ₪9.02
TASE:SALG Share Price * TASE (2020-04-07) in ILS ₪8.9
Asia Personal Products Industry PB Ratio Median Figure of 173 Publicly-Listed Personal Products Companies 1.72x
Israel Market PB Ratio Median Figure of 345 Publicly-Listed Companies 1.02x
TASE:SALG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TASE:SALG Share Price ÷ Book Value per Share (both in ILS)

= 8.9 ÷ 9.02

0.99x

* Primary Listing of Shalag Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shalag Industries is good value based on assets compared to the Asia Personal Products industry average.
X
Value checks
We assess Shalag Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Personal Products industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Personal Products industry average (and greater than 0)? (1 check)
  5. Shalag Industries has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Shalag Industries expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Shalag Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.1%
Expected Personal Products industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shalag Industries expected to grow at an attractive rate?
  • Unable to compare Shalag Industries's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Shalag Industries's earnings growth to the Israel market average as no estimate data is available.
  • Unable to compare Shalag Industries's revenue growth to the Israel market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TASE:SALG Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Personal Products Industry Earnings Growth Rate Market Cap Weighted Average 12.1%
Asia Personal Products Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
Israel Market Earnings Growth Rate Market Cap Weighted Average 16.2%
Israel Market Revenue Growth Rate Market Cap Weighted Average 5.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TASE:SALG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in ILS Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TASE:SALG Past Financials Data
Date (Data in ILS Millions) Revenue Cash Flow Net Income *
2019-12-31 446 54 9
2019-09-30 399 38 14
2019-06-30 406 57 26
2019-03-31 423 64 41
2018-12-31 421 65 52
2018-09-30 427 73 52
2018-06-30 431 61 59
2018-03-31 429 61 48
2017-12-31 442 48 38
2017-09-30 447 52 40
2017-06-30 465 49 36
2017-03-31 457 70 41

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Shalag Industries is high growth as no earnings estimate data is available.
  • Unable to determine if Shalag Industries is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TASE:SALG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Shalag Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TASE:SALG Past Financials Data
Date (Data in ILS Millions) EPS *
2019-12-31 0.24
2019-09-30 0.39
2019-06-30 0.70
2019-03-31 1.10
2018-12-31 1.41
2018-09-30 1.42
2018-06-30 1.60
2018-03-31 1.31
2017-12-31 1.03
2017-09-30 1.09
2017-06-30 0.98
2017-03-31 1.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Shalag Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Shalag Industries's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Shalag Industries's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Household companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Shalag Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Shalag Industries has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Shalag Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Shalag Industries's growth in the last year to its industry (Personal Products).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Shalag Industries's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Shalag Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Shalag Industries's 1-year earnings growth is negative, it can't be compared to the Asia Personal Products industry average.
Earnings and Revenue History
Shalag Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Shalag Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TASE:SALG Past Revenue, Cash Flow and Net Income Data
Date (Data in ILS Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 445.68 8.68 52.68
2019-09-30 399.29 14.28 46.34
2019-06-30 405.65 25.58 48.10
2019-03-31 423.07 40.54 48.15
2018-12-31 420.63 51.80 46.43
2018-09-30 426.67 52.02 45.50
2018-06-30 430.92 58.95 45.66
2018-03-31 429.26 48.08 44.86
2017-12-31 442.30 38.01 45.80
2017-09-30 447.45 39.99 45.87
2017-06-30 465.00 35.90 47.16
2017-03-31 457.37 41.18 47.69
2016-12-31 455.63 45.49 47.88
2016-09-30 460.47 45.00 50.15
2016-06-30 460.75 47.86 50.04
2016-03-31 473.00 42.88 50.25
2015-12-31 487.62 38.59 49.66
2015-09-30 491.93 42.05 51.19
2015-06-30 490.58 41.63 51.81
2015-03-31 495.66 42.62 51.95
2014-12-31 481.85 48.02 51.17
2014-09-30 473.70 44.14 50.49
2014-06-30 461.22 37.76 48.65
2014-03-31 443.04 36.72 48.69
2013-12-31 430.62 31.98 48.41
2013-09-30 418.05 23.27 47.92
2013-06-30 414.78 24.00 49.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Shalag Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Shalag Industries used its assets less efficiently than the Asia Personal Products industry average last year based on Return on Assets.
  • Shalag Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Shalag Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Personal Products industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Shalag Industries has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Shalag Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Shalag Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shalag Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shalag Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shalag Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Shalag Industries Company Filings, last reported 3 months ago.

TASE:SALG Past Debt and Equity Data
Date (Data in ILS Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 340.86 210.38 101.33
2019-09-30 337.52 216.33 87.57
2019-06-30 341.33 73.65 139.43
2019-03-31 340.00 74.14 138.29
2018-12-31 343.32 73.42 128.76
2018-09-30 352.00 73.01 139.79
2018-06-30 348.34 71.22 121.02
2018-03-31 328.21 71.89 117.42
2017-12-31 312.89 73.49 109.59
2017-09-30 325.51 67.02 117.51
2017-06-30 308.77 68.91 107.23
2017-03-31 304.26 75.74 104.25
2016-12-31 303.02 94.32 148.02
2016-09-30 312.18 54.71 90.06
2016-06-30 302.70 60.79 91.24
2016-03-31 288.97 65.07 69.59
2015-12-31 282.98 73.73 104.70
2015-09-30 292.63 75.71 86.45
2015-06-30 246.32 73.02 80.69
2015-03-31 241.66 77.30 86.20
2014-12-31 236.16 77.90 85.09
2014-09-30 235.01 88.97 100.55
2014-06-30 216.66 85.50 92.57
2014-03-31 209.07 91.51 91.99
2013-12-31 199.06 106.60 92.08
2013-09-30 202.91 106.09 95.52
2013-06-30 169.16 118.97 47.61
  • Shalag Industries's level of debt (61.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (33% vs 61.7% today).
  • Debt is well covered by operating cash flow (25.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.4x coverage).
X
Financial health checks
We assess Shalag Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Shalag Industries has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Shalag Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Shalag Industries dividends.
If you bought ₪2,000 of Shalag Industries shares you are expected to receive ₪0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Shalag Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Shalag Industries's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TASE:SALG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Asia Personal Products Industry Average Dividend Yield Market Cap Weighted Average of 103 Stocks 1.5%
Israel Market Average Dividend Yield Market Cap Weighted Average of 144 Stocks 3.9%
Israel Minimum Threshold Dividend Yield 10th Percentile 1.4%
Israel Bottom 25% Dividend Yield 25th Percentile 2.1%
Israel Top 25% Dividend Yield 75th Percentile 6.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TASE:SALG Past Annualized Dividends Data
Date (Data in ₪) Dividend per share (annual) Avg. Yield (%)
2017-11-29 0.610 4.332
2016-03-28 0.615 3.365
2015-11-29 0.615 3.531

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Shalag Industries has not reported any payouts.
  • Unable to verify if Shalag Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Shalag Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Shalag Industries has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Shalag Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Shalag Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shalag Industries has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Shalag Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ilan Pickman
COMPENSATION ₪1,158,000
TENURE AS CEO 22.6 years
CEO Bio

Mr. Ilan Pickman has been the Chief Executive Officer of Shalag Industries Ltd. since September 1997. Mr. Pickman serves as the Chairman of Shalag US Inc. He serves as a Director of Noam Urim Enterprises (1993) Ltd. He holds a Bachelor’s Degree in Industrial Engineering and Management from Tel Aviv University.

CEO Compensation
  • Ilan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ilan's remuneration is about average for companies of similar size in Israel.
Management Team Tenure

Average tenure of the Shalag Industries management team in years:

19.3
Average Tenure
  • The average tenure for the Shalag Industries management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ilan Pickman

TITLE
Chief Executive Officer
COMPENSATION
₪1M
TENURE
22.6 yrs

Nathan Levy

TITLE
Chief Financial Officer
COMPENSATION
₪935K
TENURE
23.3 yrs

Gil Strauss

TITLE
Vice President of Technology & Development
COMPENSATION
₪792K
TENURE
22.6 yrs

Gabi Gal

TITLE
Vice President of Marketing
COMPENSATION
₪817K
TENURE
19.3 yrs

Zeev Harari

TITLE
Chief Executive Officer of Shalag US Inc
COMPENSATION
₪1M
TENURE
10.3 yrs

Kibbutz Shamir

TITLE
Executive Officer
COMPENSATION
₪3M

Amit Tzivoni

TITLE
Operations Manager
TENURE
14.4 yrs

Liora Solway

TITLE
Accountant

Erez Levy

TITLE
Chief Executive Officer of Noam Urim Enterprises (1993) Ltd
COMPENSATION
₪706K
TENURE
8.3 yrs

Yigal Rosner

TITLE
COMPENSATION
₪629K
Board of Directors Tenure

Average tenure of the Shalag Industries board of directors in years:

13.8
Average Tenure
  • The average tenure for the Shalag Industries board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Zeev Markman

TITLE
Chairman of the Board
COMPENSATION
₪357K
TENURE
11.3 yrs

Meir Braun

TITLE
External Director
TENURE
9.3 yrs

Amit Orland

TITLE
External Director
TENURE
8.3 yrs

Uzi Tzur

TITLE
Director
TENURE
16.3 yrs

Shalom Blair

TITLE
Independent Director
TENURE
11.3 yrs

Efrat Cohen

TITLE
Director
TENURE
16.3 yrs

Rami Ben-Zeev

TITLE
Director
TENURE
16.3 yrs

Dagan Avishai

TITLE
Director
AGE
59
TENURE
16.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₪) Value (₪)
X
Management checks
We assess Shalag Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Shalag Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Shalag Industries Ltd develops and produces nonwoven products in Israel and internationally. The company offers baby and adult diapers, and feminine hygiene products. It also provides polypropylene viscose and cotton fiber dry wipes; wet wipes for hygienic, disinfection, and window and other surfaces cleaning applications; and industrial wipes for household, hand cleaner, disinfection, heavy duty cleaning, and various industrial applications. The company was founded in 1984 and is headquartered in Upper Galilee, Israel.

Details
Name: Shalag Industries Ltd
SALG
Exchange: TASE
Founded: 1984
₪327,119,500
36,755,000
Website: http://www.shalag.co.il
Address: Shalag Industries Ltd
Kibbutz Shamir,
Upper Galilee,
12135,
Israel
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TASE SALG Ordinary Shares The Tel-Aviv Stock Exchange IL ILS 13. Sep 2004
Number of employees
Current staff
Staff numbers
0
Shalag Industries employees.
Industry
Personal Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 21:00
End of day share price update: 2020/04/07 00:00
Last earnings filing: 2020/03/22
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.